Members of the Republican Party are warning U.S. companies not to do business with the Chinese tech company “Huawei,” which is the largest manufacturer of telecommunication devices and responsible for building “4G” technology.
Ironically, the Republican frontrunner Mitt Romney – who promises to get “tough on China,” -actually partnered with the digital Chinese giant when he reigned as CEO of Bain Capital.
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The House intelligence committee will release a report condemning Huawei from entering the U.S. market, claiming that its close relationship with the Chinese government will put U.S. national security at risk, reports The Huffington Post.
On CBS’ 60 Minutes, Rep. Mike Rogers, the Republican chairman of the panel, expressed his disdain for the Chinese company:
“If I were an American company today — and I’ll tell you this as the chairman of the House Permanent Select Committee on Intelligence — and you are looking at Huawei, I would find another vendor if you care about your intellectual property, if you care about your consumers’ privacy, and you care about the national security of the United States of America.”
The HuffPo reports on the ties that Romney has with Huawei, which began in 2007 and 2008:
In 2007 and 2008, Bain Capital partnered with Huawei — pronounced Wa-way — to take electronics manufacturer 3Com private in a $2.2 billion deal. The Bush administration raised national security concerns and refused to approve the deal. Huawei is closely tied to the Chinese military, and was founded by a former army major.
Two years earlier, Bain had tried to buy its way into a joint partnership between 3Com and Huawei, but 3Com fended it off.
Bain didn’t give up. Later in 2008, it made a bid for Huawei’s mobile handset unit, but the company decided not to sell. In December 2011, Bain finally got its piece of China’s telecom world, buying the surveillance company Uniview from the joint venture it had failed to join.
Romney continues to state that the U.S. must execute a tough crack down on China to protect U.S. businesses and fight against China’s government denial of human rights. However, his business record is a stark contrast of what he is preaching now!
SOURCE: HuffPo
